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Alphabet revenues rise 22% in Q4 marked by record contribution from Google Other, higher expenses

2019-02-05 09:00:00| Telecompaper Headlines

(Telecompaper) Alphabet, the parent company of Google, said revenues for the fourth quarter reached USD 39.276 billion, up 22 percent year-on-year or by 23 percent without currency effects. Growth was in line with past quarters. For the operating profit, it slowed a bit, rising 7.0 to USD 8.203 billion. The figure includes USD 9.70 billion generated by Google and a loss of USD 1.33 billion generated by the Other Bets, much higher than the year before's loss of 748 million. The net profit increased to USD 8.948 billion against the loss of 3.020 billion. The result suffered this year from higher interest charges but benefited from lower taxes. The loss the year before was caused by the impact of the Tax Act. Meanwhile, the revenue contribution of Google Other, investments, liquidity and workforce numbers all grew to record levels. 

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Category:Telecommunications

Slack files with SEC for proposed public listing

2019-02-04 21:50:00| Telecompaper Headlines

(Telecompaper) Workplace collaboration specialist Slack Technologies has filed a draft registration statement for its proposed public listing with the US Securities and Exchange Commission (SEC). The listing of Class A common stock will occur once the SEC has completed its review process, subject to market and other conditions, the company said. 

Tags: public listing files sec

Category:Telecommunications

Last week in telecoms: M&A rumours circling KPN, Sunrise, Altice

2019-02-04 07:00:00| Telecompaper Headlines

(Telecompaper) Year-to-date, the TPSI European Telecoms is up 0.6 percent, lagging the EuroStoxx 50's gain of 5.7 percent. The heavy-weights Vodafone (-9.2%) and Deutsche Telekom (-4.1%) put a strain on the sector. The biggest winners include Turk Telekom (+28%) and Turkcell (+20%), as well as Liberty Global (+16%). Several German shares are performing particularly badly, such as United Internet (-10%), Telefonica Deutschland (-11%), Tele Columbus (-17%) and Drillisch (-18%). Iliad (-20%) is the weakest share in our index.

Tags: week sunrise telecoms rumours

Category:Telecommunications

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